In the wrong hands, digital footprints can turn into a blueprint for fraud.
Particularly as identity theft proliferates and becomes more sophisticated, data breaches are increasingly turning personal and business information into a goldmine for cybercriminals looking for their next payday.
“We are at about four times the level of data that has been breached this year to date compared to last year,” Intellicheck CEO Bryan Lewis told PYMNTS’ CEO Karen Webster. “So, it is definitely a problem.”
Every data breach is a step closer to someone else living your life. As cybercriminals ramp up their own attacks and tactics, technology must evolve to stay ahead of new attack vectors and fraud techniques, something typically easier said than done. Data breaches are not just becoming more frequent; they are also compromising vast amounts of sensitive information, including personal identification details that can easily be exploited for identity theft.
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